Campaigns

SHAREHOLDER RIGHTS CAMPAIGN

Guaranteed Rights for Shareholders   In October 2014 ShareSoc launched a campaign to give full rights to ALL shareholders. In May 2018 we wrote to BEIS: click here for a copy of our joint letter from UKSA and ShareSoc to BEIS about SRD II. Our second step is to ask members to write to their MP requesting that Government implement the Shareholder Rights Directive’s clear intent that the end investor should be identified on the company register. Our third step is to ask a co-ordinated ...

Beaufort Client Campaign

ShareSoc is appalled by the treatment of Beaufort client assets proposed by administrator PWC and the huge fees PWC intends to charge for their services. We have therefore launched this campaign, seeking to minimise the losses suffered by Beaufort clients and to minimise the time before clients regain access to their securities held by Beaufort. In addition we seek to protect the interests of all UK investors by improving the regulatory framework, so that client assets which are supposedly ringfenced are ...

Royal Bank of Scotland (RBS) Shareholder Committee Campaign

ShareSoc has advocated the implementation of Shareholder Committees since our inception in 2011. Recently this initiative has received support in the form of the Government's November 2016 Green Paper on Corporate Governance, and in the form of Chris Philp M.P.'s September 2016 paper entitled Restoring Responsible Ownership. ShareSoc has decided to focus on RBS as a complex enterprise whose governance would benefit from the adoption of a Shareholder Committee. ShareSoc has submitted a resolution for the RBS AGM requesting the implementation of an ...

VCT INVESTORS GROUP

  Purpose The Purpose of the Group is to improve the returns of investors in VCTs. Goals To provide guidelines of what Group members think is best practice, e.g. management fees, performance fees, directors’ tenure and independence. To provide advice for investors on specific VCTs, by Identifying investors who are interested in specific VCTs and willing to spend time in collaborating with others to share knowledge and identify areas of concern and to make recommendations Providing mechanisms to exchange information Publicising our views ...

CAMPAIGN TO IMPROVE THE AIM MARKET

This campaign is aimed at improving the quality of the companies listed on the AIM market managed by the London Stock Exchange and reforming some of its operations so that investors are less likely to lose money as a result of investing in AIM companies. How the AIM Market Should be Improved This campaign was launched with a press release in June 2016 (although the problems of the AIM market have been long-standing). It said the following: The AIM market, which is run by ...

REMUNERATION – Why And How Directors’ Pay Should Be Improved

Directors’ pay is too high in many cases and needs to be reduced. High pay is looking increasingly like it is politically unacceptable and this may lead to a backlash of business regulation that will be detrimental to investors. This campaign is aimed at improving the quality of remuneration arrangements of the companies listed on the Main London stock market, and the AIM market managed by the London Stock Exchange, so that: i. investors are less likely to lose money as a result of investing ...

BLANCCO (BLTG)

Are you a shareholder in Blancco Technology Group plc (BLTG), listed on the AIM market? Or did you cease to be a shareholder in the company during 2017? If so, we would like to hear from you. Sharesoc is launching a campaign to have Blancco investigated by the Financial Conduct Authority (FCA) and the Financial Reporting Council (FRC). We have highlighted issues concerning the restatement of 2016 accounts that increased the previously reported loss by £1.5 million and the reversal of two ...

REDCENTRIC (RCN)

  On the 7th November 2016, out of the blue, Redcentric plc published a shock announcement disclosing the discovery of misstatements in the company’s accounts. Unsurprisingly, this announcement precipitated a collapse in the company’s share price from 150p to 63p that day (it had previously traded as high as 200p earlier in 2016 and has subsequently recovered somewhat). The announcement, and subsequent announcements, combined with previous events raises serious concerns for shareholders in Redcentric. On behalf of individual shareholders, ShareSoc is investigating what occurred, with ...

FORESIGHT 4 VCT

Latest news and a form enabling you to join this campaign can be found at the foot of this page. This page was created to inform shareholders in Foresight 4 VCT Plc - a Venture Capital Trust with a patchy performance record. Foresight took over the management of Advent 2 VCT in 2004 and renamed it Foresight 4. In 2012 there were mergers with Foresight Clearwater VCT and with Foresight 5 and the Acuity VCT 3 - the latter two forming a separate class ...

GLOBO

This Campaign is now closed. We will inform readers of any developments, from the FCA or others, if and when they arise. A recovery of shareholders' funds is unlikely. This page was created to inform shareholders in Globo Plc about the events in October/November 2015 and thereafter. The most recent developments are summarised in this blog in August 2018 by Roger Lawson https://www.sharesoc.org/blog/regulations-and-law/lax-regulation-globo-grg-and-japanese-trust-agm/. The FRC announced in summer 2018 that they have dropped the investigation on the basis that there is no realistic prospect of ...